US sanctions on Iran: Companies begin moving out of Iranian E&P projects

May 17:
US sanctions are forcing oil multinationals to move out of E&P projects in Iran8No one wants to fall foul of the US banking system when sanctions start to bite8Where will India stand if it were to be awarded the Farzad B block today?8When sanctions begin to hit again, if India continues to import Iranian crude, it will have to fall back to a barter system, perhaps8And while the barter system of trade has its disadvantages, it can boost Indian exports of medicine, steel and other essential itemsClick on Reports for more